For most families, there always seems to be a large list of home improvement tasks that they want to achieve or new ideas they’d like to attempt. While a few may not be necessities, buying a new heat pump is an example of a project that could be critical to keeping your indoor space comfortable during the cooler months in Warminster.

Getting a new heat pump is a great investment. You’ll certainly notice the return on investment on your indoor comfort in addition to your energy bills, but it could be a little daunting at first. The good news is that when you pick a new energy-efficient heat pump, you may be approved for a federal tax credit.

According to ENERGY STAR®, the Non-Business Energy Property Tax Credits were pushed through December 31, 2020. In order to get the tax credit, you must purchase a heat pump that has received the ENERGY STAR label. When browsing for heat pumps, keep an eye out for products with the ENERGY STAR rating so you can be certain you’re getting a high-efficiency heat pump.

At Retro HVAC Service & Installation, we’ll help you find a solution that matches your needs and helps you qualify for this tax credit. While ENERGY STAR products designate high efficiency, it’s important to confirm the heat pump you purchase has the following requirements.

For Split Systems:

  • Heating Seasonal Performance Factor (HSPF): 8.5 or higher
  • Energy Efficiency Ratio (EER): 12.5 or higher
  • Seasonal Energy Efficiency Ratio (SEER): 15 or higher

For Package Systems:

  • HSPF: 8 or higher
  • EER: 12 or higher
  • SEER: 14 or higher

This tax credit won’t be the only savings you’ll receive when you purchase a new high-efficiency heat pump. Many of the most efficient solutions can save you hundreds of dollars on your energy bills all year long. And you’ll also have more confidence in your HVAC system to keep your house at just the right comfort level.

When you come across questions about your eligibility for a tax credit, or if there are additional local savings you may be eligible for by purchasing a new high-efficiency heat pump, give our experts at Retro HVAC Service & Installation a call at 267-277-3851. You may also visit ENERGY STAR or reach out to your local utility organization if you have questions about other eligible home products.